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Consider the two descriptions of qualitative research shown below.
I.Qualitative research should always be interpreted as "directional" rather than "definitive."
II.Qualitative research is appropriate when numeric descriptions of the results are important.
Which,if any,of the prior statements is (are) true?
Unit Product Cost
The total cost (including materials, labor, and overhead) divided by the number of units produced, representing the cost to produce a single unit of product.
Variable Costing
A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculation, excluding fixed overhead.
Net Operating Income
Net operating income is the profit generated from a company's normal business operations, excluding expenses and revenues from non-operating activities.
Absorption Costing
A costing method that includes all manufacturing costs, both fixed and variable, in the price of a product.
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